As retailers and consumers demand products that are made sustainably throughout all stages in the supply chain, a transparency software platform provider TrusTrace may have the technology to provide the necessary traceable data.
The Stockholm, Sweden-based company closed a Series A funding round with $6 million in investments Thursday. The round was led by Industrifonden and Fairpoint Capital, with additional participation from previous investors BackingMinds and Fashion for Good.
“TrusTrace...
Different shipping lanes, modes and logistics sites contribute to varying amounts of greenhouse gas emissions, making it difficult to track emissions as goods travel along the entire supply chain.
As many supply chain and sustainability experts say, companies need to measure emissions before they can make significant emissions-reduction progress.
The Smart Freight Centre (SFC) noticed that there were several regional or transportation mode-based emissions frameworks, so it combined the available...
With the recent launch of its Cloverleaf program, Odyssey Logistics and Technology Corp. has joined the ranks of companies offering customers a sustainability tool to reduce emissions and costs along their supply chains.
“The program offers technical and consultative resources that both shippers and carriers can use to reduce their carbon footprints, while improving the speed, resilience and efficiency of their supply chains. Real-time analytics provide the insights required to make optimal...
It’s not often that consumers are willing to pay more for the same service. But that’s exactly what we’re seeing when it comes to shipping — more than half of 500 survey respondents say that they would pay 10% more for packaging and shipping practices that are more eco-friendly. Even amid pandemic-induced capacity constraints and increased demand, supply chain professionals are not shying away from sustainability in logistics.
Supply chain platform Verte wants to help with those efforts. The...
https://www.freightwaves.com/news/verte-partners-with-manifest-on-sustainable-supply-chain-solution
For all the triumphs and successes that the logistics field has seen this year, there’s one area where it needs to make up some ground: sustainability. Freight and other modes of logistics transportation are a big driver of pollution and greenhouse gas emissions, accounting for over half of the United States’ total nitrogen oxide emissions and nearly a third of volatile organic compounds emissions.
LA-based compact container delivery company URB-E is looking to Canada to change that. The...
Capacity constraints, increased demand for home deliveries and safety concerns during the COVID-19 pandemic led experts to believe that sustainability efforts would fall by the wayside.
But that doesn’t seem to be the case, according to the “2021 State of Supply Chain Sustainability” report released Wednesday by the MIT Center for Transportation & Logistics (MIT CTL) and the Council of Supply Chain Management Professionals (CSCMP).
More than 2,400 supply chain professionals were surveyed in late...
Scope 3 emissions are indirect greenhouse gas (GHG) emissions that occur in a company’s value chain but are from activities not owned or controlled by the company, according to the Environmental Protection Agency (EPA).
Why are scope 3 emissions important?“Indirect emissions still matter, and they have to be on someone’s books,” Lila Holzman, senior energy program manager at corporate climate accountability nonprofit As You Sow, said in an interview with FreightWaves.
Holzman said that European...
https://www.freightwaves.com/news/askwaves-what-are-scope-3-emissions
Autonomous supply chain platform provider Vorto announced Thursday its new platform, Reload, which is designed to solve inefficiencies and increase sustainability in supply chains and logistics from procurement to final delivery.
Vorto CEO Priyesh Ranjan told FreightWaves that Reload is an industry-agnostic “centralized autonomous supply chain platform that does everything,” including predicting demand for suppliers, finding fleets and drivers for outbound transportation, and automating...
https://s29755.pcdn.co/news/vortos-platform-solves-love-triangle-of-supply-chains-ceo-says
While working in strategic sourcing for a Canadian metal mining company, Laura Allegue sought to further her professional education.
“I Googled: ‘Which is the best [supply chain management] program in the world?’ and I found the MicroMasters program,” Allegue said in an interview with FreightWaves.
She soon enrolled in MIT’s Center for Transportation & Logistics (MIT CTL) online MicroMasters program in supply chain management (SCM), which is designed to “educate the world for free” by providing...
https://www.freightwaves.com/news/walmart-associates-offered-free-mit-supply-chain-management-course
J.B. Hunt Transport Services Inc. (NASDAQ: JBHT) announced a $2.25 million collaboration with the Sam M. Walton College of Business at the University of Arkansas Tuesday.
The collaboration will fund the exploration of sustainable business practices and solutions for current and future challenges the supply chain industry faces, a release said. It also targets increased inclusion and diversity across the supply chain.
“At the highest level, we want to bring [environmental, social and governance]...
https://www.freightwaves.com/news/jb-hunt-gifts-15-million-for-sustainable-inclusive-supply-chains